What Are BR1M Housing Grants?
The BR1M housing grant was introduced to help lower- and middle-income Malaysians reduce the financial burden of owning their first home. Unlike a loan, BR1M is a cash grant, meaning you don’t need to pay it back. The savings might not cover your entire down payment, but they can offset legal fees, deposits, or loan charges — making a big difference when you’re just starting out.
How Much Is the BR1M Grant?
BR1M payout amounts depend on your household income. The range is between RM300 and RM1,200:
- RM1,200 for households with the lowest income bracket.
- RM900–RM600 for middle ranges.
- RM300 for single individuals within eligible income levels.
How BR1M Helps With First-Home Costs
When buying property, the biggest hurdle is the down payment and fees. Here’s how BR1M savings play out:
Formula to Estimate Savings: Savings %=BR1M AmountProperty Price×100\text{Savings \%} = \frac{\text{BR1M Amount}}{\text{Property Price}} \times 100
Example Savings Table
| Property Price | BR1M Grant (RM1,200) | % of Price Covered |
|---|---|---|
| RM100,000 | 1,200 | 1.2% |
| RM200,000 | 1,200 | 0.6% |
| RM300,000 | 1,200 | 0.4% |
This might seem small, but BR1M can cover part of your legal fees or loan application costs, helping you save your cash for other essentials like renovations or furniture.
👉 If you’re working out affordability, try this home loan affordability tool.
Can BR1M Be Combined With Other Housing Schemes?
Yes. Many first-time buyers stack BR1M with MyDeposit, PR1MA, or Youth Housing schemes. For example:
- BR1M may offset legal fees.
- MyDeposit can contribute up to 10% of down payment.
- PR1MA offers discounted housing prices for eligible applicants.
Together, these programs can significantly lower your upfront costs.
SEE More: Maybank Home Loan Calculator
Typical Ways Buyers Use BR1M Savings
- Paying part of the deposit.
- Covering loan processing or legal fees.
- Adding to emergency reserves while moving in.
Even if it doesn’t wipe out the biggest expenses, BR1M is a useful financial cushion.
FAQs on BR1M Housing Grants
1. How much is the BR1M grant for housing?
It ranges between RM300 and RM1,200, depending on household income.
2. Can BR1M be used for down payments?
Yes, many buyers apply the grant toward their property deposit.
3. How much can I save on a RM250,000 home?
At RM1,200, you cover about 0.48% of the property price.
4. Can BR1M be combined with other housing aid?
Yes, BR1M can be stacked with MyDeposit, PR1MA, and other programs.
5. Is BR1M a loan?
No, it is a cash grant — you don’t repay it.
6. Who is eligible?
Eligibility depends on household income and whether you are a first-time buyer.
Fredrick is the creator behind houseloancalculatormalaysia.online, dedicated to helping Malaysians easily understand and calculate their home loan payments. With a focus on accuracy and simplicity, Fredrick develops reliable tools and clear guides to empower users to make informed financial decisions. His goal is to provide trustworthy, user-friendly resources that save time and reduce confusion in the complex world of home loans.